Reply To: Say's Law

#21705
bob.murphy.ancap
Participant

pacopasa,

I’ll let DJ speak for himself, but my hunch is that he isn’t denying the obvious proposition that “Production must precede exchange.” Rather, I think he is arguing that modern-day fans of Say are conceding too much / distorting his message when they try to “fix” it with truisms that make Say sound simplistic.